Fangzhi Technology announced that the 9th meeting of the sixth board of directors of the company deliberated and passed a bill to cancel the share repurchase. It is proposed to cancel 988,900 shares in the special securities account for repurchase, accounting for 0.3928% of the company's current total share capital. This portion of the shares was repurchased by the company in 2024. It was originally intended to be used for equity incentives. Since the 2024 and 2025 results did not meet the ownership requirements, all of the corresponding restricted shares were abolished and expired, and the repurchased shares were about to expire for three years, so they were cancelled. After the cancellation is completed, the total share capital of the company will be reduced from 252 million shares to 251 million shares, and the registered capital will be reduced accordingly. The matter still needs to be submitted to the shareholders' meeting for consideration, and it must be approved by at least two-thirds of the total number of valid voting rights attending the shareholders' meeting.

Fangzhi Technology announced that the 9th meeting of the sixth board of directors of the company deliberated and passed a bill to cancel the share repurchase. It is proposed to cancel 988,900 shares in the special securities account for repurchase, accounting for 0.3928% of the company's current total share capital. This portion of the shares was repurchased by the company in 2024. It was originally intended to be used for equity incentives. Since the 2024 and 2025 results did not meet the ownership requirements, all of the corresponding restricted shares were abolished and expired, and the repurchased shares were about to expire for three years, so they were cancelled. After the cancellation is completed, the total share capital of the company will be reduced from 252 million shares to 251 million shares, and the registered capital will be reduced accordingly. The matter still needs to be submitted to the shareholders' meeting for consideration, and it must be approved by at least two-thirds of the total number of valid voting rights attending the shareholders' meeting.